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Superior Plus Corp (SPB) Fair Value & Analysis

Utilities · CA · Market cap C$1.8B

SP Superior Plus Corp SPB · TO
PriceC$7.96
Fair ValueC$5.19
Upside-34.8%
Quality84/100
Evidence: Medium Range C$3.08 – C$7.14

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Share price −6.8% over the past month.

Price vs Fair Value (12 months)

C$8.86 C$6.32 Fair Value C$5.19 Jun 2025 Jun 2026

12‑month range C$6.32 – C$8.86 · fair‑value band C$3.08 – C$7.14 · the C$7.96 price screens above the C$5.19 fair value. As of Jun 24, 2026.

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Analysis

Superior Plus Corp (SPB) currently trades at C$7.96, while our model-based Fair Value estimate is C$5.19 — implying the stock looks roughly 34.8% overvalued today. We read business quality at 84/100 (high quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Superior Plus Corp generated revenue of C$2.3B at a net margin of 1.8%. Revenue declined 11.0% year over year. It earns a return on equity of 4.9%. Net debt stands at C$1.9B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) C$2.3B
Revenue growth (YoY) -11.0%
Net margin 1.8%
Return on equity 4.9%
Free cash flow C$218M FY2025
P/E ratio 28.9
More key figures
Operating margin 20.3%
EPS (TTM) C$0.2900
Dividend yield 1.6%
EPS growth (YoY) -7.4%
Net debt C$1.9B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Superior Plus Corp. distributes propane, compressed natural gas, renewable energy, and related products and services in the United States and Canada. It operates in three segments: U.S. Propane Distribution (U.S. Propane), Canadian Propane Distribution (Canadian Propane), and Compressed Natural Gas Distribution (CNG). The company distributes propane gas and liquid fuels; and transports and sells compressed natural gas, renewable natural gas, and hydrogen. It serves the commercial, residential, and industrial markets. Superior Plus Corp. was incorporated in 1989 and is based in Toronto, Canada.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Superior Plus Corp reported revenue of C$2.5B in FY2025 versus C$1.9B in FY2021, a compound +7.5%/yr. Reported net income was C$61.9M in FY2025, compounding −19.0%/yr from FY2021.

Revenue +7.5%/yr
FY21 C$1.9B
FY22 C$2.5B
FY23 C$2.5B
FY24 C$1.6B
FY25 C$2.5B
Net income −19.0%/yr
FY21 C$143M
FY22 −C$83.8M
FY23 C$38.9M
FY24 −C$24.3M
FY25 C$61.9M

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Frequently asked questions

Is Superior Plus Corp (SPB) undervalued?
As of Jun 24, 2026, our model estimates a fair value of C$5.19 versus a price of C$7.96 — about −35% (overvalued). Model-based estimate, not financial advice.
What is the fair value of SPB?
Our 21-model fair value for Superior Plus Corp is C$5.19 (as of Jun 24, 2026), built from audited fundamentals. The current price is C$7.96.
What is the quality score of SPB?
Superior Plus Corp has a Quality Score of 84/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Superior Plus Corp (SPB)?
Superior Plus Corp reported trailing-twelve-month revenue of about C$2.3B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of SPB?
The net profit margin of Superior Plus Corp is about 1.8%, meaning it keeps roughly 1.8% of revenue as net income. Based on the latest reported figures.
Does Superior Plus Corp pay a dividend?
Superior Plus Corp currently shows a dividend yield of about 1.56% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.